Technical View on Our Top Pairs This Week

AUDBearish
NZDBullish
USDBullish
GoldBullish

AUD/NZD

Candles look like they're creating a wedge on the 4H chart. Signs show that the next few candles want to come up to test the falling trend line. 14-Day RSI hit all the way up to 83 before coming down last week, and it seems like the downtrend is likely to continue with the lower highs and lows that have been showing up on this time frame.

Get $5 Off our VIP Group!

  • See all trades taken by our analysts
  • Join our chatrooms
  • Access our strategy library
  • USE CODE 'FVIP1' to get $5 OFF!

USD/JPY

UJ on the daily taking the opposite approach of AUDNZD as higher highs are created. The long term downtrend may show that the 200 day moving average will contribute to some considerable resistance. It may also respect that falling trend line starting from March earlier this year. USD did see a rally today, so we are thinking that the movement is going to continue for now.

Gold

Gold on the 4H chart looks to be coming back down to support in the low 1900s with that 200 period moving average which price has been respecting thus far. Gold on its way to make a third test of the moving average, so a critical direction point is going to be decided soon. 14-Day RSI (not the RSI shown on the chart above) came down to 50 since new highs suggesting that price could move in either direction now.


Disclaimer:

Please note that this email is my personal opinion only. I am not a licensed financial advisor, and any information shared or discussed is not to be construed as investment advice. Trading and investing involves a degree of risk, and is not suitable to all investors. Please consult with your financial advisor before making any sort of investment decisions.

Latest Market Insights
September 26, 2020
Weekly Forex Forecast for GBPJPY, NZDJPY, XAUUSD, GBPUSD (27-02 October 2020)

Weekly Forex Forecast for GBPJPY, NZDJPY, XAUUSD, GBPUSD (27-02 October 2020) Hey everyone! Welcome to this weeks forex forecast for the week ending October 2nd, 2020. I'm TraderBart with A1 Trading, and this week I'll be looking at GBPJPY, NZDJPY, XAUUSD & GBPUSD. GBP/JPY Looking at the daily chart, we can see price has been […]

Read More
September 21, 2020
Trade Setups on Falling Markets This Week

EUR/USD Bearish GBP/USD Bearish AUD/NZD Bearish XAU/USD Bullish SPX500 Bearish EU struggles to pass 1.2000s as US markets fall from overvalued prices in the stock market. The pair is back in a support zone showing that price wants to go lower. A break in that support zone (which is a common pattern we see in […]

Read More
September 20, 2020
Markets Make Lower Lows, Tesla Battery Day, What to Expect

Last week was rough for the market as the S&P and Nasdaq draw lower lows on the daily chart. The Dow Jones Industrial was the only index to look in the best shape as tech continues to fall under pressure. The main drivers for the market, which have been carrying pairs like GBPUSD and EURUSD, […]

Read More

Related Articles

August 28, 2020
Economic stimulus and the Role of Central Banks

Politics preventing new financial stimulus The economic recovery in the major global economic powers depends on several important factors. One of the most vital part, the spread of the virus and the government's answers to it. With a decrease in daily cases of COVID-19 to 50,000 in the U.S.A. Yet U.S. A remains the most […]

Read More
August 26, 2020
How to Spot a Scammer

Our team has received many reports of scammers using our content and pretending to be us. Unfortunately, these accounts are difficult to shut down as there are many that we do not know of. While we will continue to do our best to get these accounts shut down as we receive reports, we are unable to […]

Read More
August 22, 2020
Legends of Investing - The Story of Warren Buffet

Warren Buffett is one of the most idolised, investors in the world. At the time of writing , his company, Berkshire Hathaway, has a market cap of $495 billion and Buffett himself has a net worth of $79 billion. His approach to value investing, combined with his influence over the companies he invests in , […]

Read More

A1 Trading Company

A1 Trading Company is a financial services and media business founded in Atlanta, USA.
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram